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Deutsche Annington Immobilien SE (ISIN: DE000A1ML7J1) shares have been tradable in the Prime Standard of the Frankfurt Stock Exchange since 11 July. The placement volume at the initial public offering (IPO) was 34,848,485. The placement price was €16.50 and the initial listing price €17.10.
Lead manager and designated sponsor are J.P. Morgan and Morgan Stanley Bank AG. Baader Bank AG is the specialist.
“We welcome Deutsche Annington Immobilien SE at the Frankfurt Stock Exchange. By choosing the Prime Standard the company has opted for the segment with the highest transparency requirements and is thus excellently positioned for international investors,” said Dr Martin Reck, Cash Market Managing Director at Deutsche Börse.
“We are pleased that we could successfully complete the IPO of Deutsche Annington today. The IPO enables us to implement a financing structure unique to the German residential real estate sector. The share of Deutsche Annington offers investors stable cash flows, attractive dividend yields and a sustainable growth potential,” said Rolf Buch, CEO of Deutsche Annington.
According to company sources, Deutsche Annington is Germany's largest private real estate company measured by portfolio value and number of residential units. As at 31 March 2013, Deutsche Annington had more than 180,000 residential units with a value of EUR 10.4 billion. The company is represented across Germany, although 97% of the portfolio is located in the former West German states and Berlin. Deutsche Annington is based in Bochum and employs around 2,400 staff.
